FWONK Dividend Type Payments

Although FWONK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Liberty Media Corporation - Series C Liberty Formula One to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Liberty Media Corporation - Series C Liberty Formula One (FWONK)
Bid Ask Last Change Volume P/E Market Cap
94.30 96.44 94.23 -0.42 2.4M - 62B

FWONK Dividend-Like Income Using Covered Calls

With FWONK at 94.23, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 2.83 0.8
5% 4.71 1.3
10% 9.42 2.6

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On FWONK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 100.00 6.10 239 2.6 3.56 (3.8%)
May 16 100.00 3.90 148 2.6 3.56 (3.8%)
5% Yield On FWONK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 100.00 6.10 239 2.6 3.56 (3.8%)
May 16 100.00 3.90 148 2.6 3.56 (3.8%)
10% Yield On FWONK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 100.00 3.90 148 2.6 3.56 (3.8%)

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